10022 Silver Rock Rd Pinon Hills, CA 92372
Your savings
About this home
Welcome to Pinon Hills!!! This property has an assumable loan for VA buyers with a 4.5% interest rate. Just under 2 acres, this lot is conveniently close to both Phelan road and Highway 138. This 1,229 sqft home is built with strong CMU block, and large wood timber and has much to offer. With 2 Bedrooms and 1 Bathroom on the main floor and a Kitchen that opens up to the living room - - perfect for entertaining or enjoying family gatherings. Additionally, the first ladder takes you to the loft/office space with a surplus of cubbie storage. The second ladder is on a track that provides access to the middle loft space (the owner has a gym in it) and also the bookshelf above the main bedroom. Seller will leave the following with the house; 300 CMU blocks that were planned to be used for a bedroom addition, along with enough matching roof tile to roof the bedroom addition and then some. They will also leave a new, un-installed, Pella window that matches the existing Pella window installed on the house next to the upper loft area. Essentially, there will be enough materials to nearly build a complete bedroom addition that they planned. This property is also equipped with solar heaters that absorb heat from the sun and pump it via low-energy fans into the house. It works quite well to keep the home warmer year round. The shed is 24'x12' and perfect for storing all your tools. Outside the shed, there are two-220 Volt plugs. Seller currently uses one 220V outlet to charge their electric vehicle and the other one to power a RV. The playset is roughly one year old and is included with the sale. Additionally, a walking path around the property has been created, perfect for exercising or soaking up the natural beauty. Only 10 minutes away from a highly rated charter school, Heritage, and short distance to mountain town Wrightwood and Ski Resort. Don't miss this opportunity!!
Source: CRMLS #HD25074528
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.